Originally Posted by
KW
I...
On an FA basis its not that cheap considering the forecast is for declining revenue and earnings. MND maintains quite a high payout ratio (80-93% historically) so any hit to earnings will see the dividend amount likely reduced too.
It has been a strong financial performer over the years, and definitely one worth watching to see if it can take advantage of the market flushing out the weaker players like FMG. Ultimately after every bust the strong get stronger and the weak go to the wall. MND may need a bit more time to see if its one of the winners.